FX Markets Consolidate Recent Moves

Wednesday is shaping up to be a quiet trading session and may be even more subdued in Asia due to a lack of economic...

USDJPY Rally May Have More Upside

Bank of Japan Governor Haruhiko Kuroda gave USDJPY a lift.  In an interview with CNBC, he said "In order to reach 2 percent inflation...

Euro and Commodity Bloc Currencies near Support.

Welcome to the new week.  EURUSD will be centre stage for most of the sessions due to the upcoming European Central Bank (ECB) policy...

US Dollar Soars, Led by AUDUSD and GBPUSD Declines

The US dollar surged in overnight action, led by a “mini” collapse in GBPUSD.  Sterling dropped from 1.4219 to 1.4162 in London, after another...

Weak UK Data Sinks Sterling

Sterling got clobbered when a series of UK economic reports were weaker than expected.  UK March CPI rose 2.3%, y/y below the forecast of...

Shallow Correction May Bode Well for EURUSD Bulls

New York opened with the European based currencies plunging, thanks to a mix of Central bank speak, and weaker-than-expected economic reports. EURUSD dipped following the...